The crypto hell: the exchangers manipulation. - page 3.

ajeef

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Quote from: mdzahed134 on October 11, 2019, 05:26:31 PM

Quote from: bellicose on October 01, 2019, 01:45:42 PM

Some trading platforms really abuse trading volume. This is mainly done by young exchanges that want to achieve an influx of users due to the high volume of trading. Maybe large and well-known sites, also engaged in similar earlier.

Old exchanges highly manipulated trading volume, not they are young exchanges because i saw that from almost 3-4 years in the crypto space. I have experienced about some exchanges those are huge daily trade volume according to coinmarketcap. I am talking about https://exrates.me/ it’s showing 2 million trade volume but when i am go to sell my asset than see there are no enough buy bid for sell my coin just remember that it’s how much manipulation.

Most of exchanges that manipulated trading volume are exchanges that foster the population of bots.
The bots make the exchanges very crowd but it's just trading between bots.
And also, coinmarketcap is not an accurate source to see the trading volume, we should research the exchange itself to know the real volume

iamsange

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Quote from: AndRE177 on October 13, 2019, 09:37:40 AM

Quote from: FaucetKING on September 30, 2019, 07:42:35 AM

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.

I don't trust centralized exchanges primarily because they force all people to take the KYC. I have never understood the meaning of all this and therefore do not trust centralized exchanges. I certainly trade on some of them, but I do it without trust in their address and do not hold large amounts of money on these exchanges.

That is why a lot of people said that if we save money in exchanges, that means we don't have control about it. Maybe what they means is after trading we put it back to our wallet because nobody know what will happen. But about KYC, i think a lot of exchanges still allow people to trade without do KYC.

AndRE177

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Quote from: FaucetKING on September 30, 2019, 07:42:35 AM

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.

I don't trust centralized exchanges primarily because they force all people to take the KYC. I have never understood the meaning of all this and therefore do not trust centralized exchanges. I certainly trade on some of them, but I do it without trust in their address and do not hold large amounts of money on these exchanges.

meliodas

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The manipulation is being done by the whales and not the exchange. Manipulation is existing not only in cryptocurrency but also in other market. As long as you have a big capital then you can easily manipulate a particular market. Cryptocurrency market manipulation is inevitable because even we like it or not, it will still exist. The only thing that we can do is to better ourselves to be able to cope up with this type of challenge in our market.

magneto

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Quote from: FaucetKING on September 30, 2019, 07:42:35 AM

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.

This is why we should not be blindly trusting in exchanges.

Exchanges don't even need customer capital to manipulate any side of the orderbook they want once they gain enough of a following. After all, they have full control over their own trading engines as well as the orders listed on their books. If they have sufficient influence their manipulation can flow onto the rest of the market through indices that contain their price info, etc.

Also, wash trading is another very common occurrance in the crypto scene. I wouldn't doubt if the majority of unregulated exchanges do it in order to fake their volumes.

Even regulated exchanges probably dabble in shady stuff every now and then. There is now guarantees. This is why DEXs are going to be awesome, but for now, just beware of obvious exchange manipulation.

crossabdd

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Quote from: FaucetKING on September 30, 2019, 07:42:35 AM

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.

It's hard to happen now, friend, I have experienced it. I see several exchanges that have large volumes. but when I register and trade, everything is different. the market moves using bots, with a small total bid but runs nonstop. it makes me disappointed. and can't sell at the right price.

ecnalubma

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We cant do anything regarding the market manipulation issue whether its centralized or decentralized it is illegal in any angle. The problem is no one is monitoring them and government power is limited or still not crafted, thats why these anomalous exchanges are keep on taking advantage of the current situation. I appreciate US for their commitment in regulating this young industry they should serve as role model for every country.

pawanjain

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True decentralization can only happen when the currencies are being exchanged on decentralized platforms(exchanges) or peer to peer exchanges.
Only Centralized exchanges have the ability to manipulate their platforms and scam people. We have the ability to adapt to decentralized exchanges but just because most people are using centralized ones, the others are doing it as well.

Sahyadri

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Almost 88% of exchanges manipulate trading volume for better ranking. -MasterTheCrypto
Then they manipulate the market by taking the advantage of leverage trading. Bittrex is a pretty good example of that. You must have seen how the website goes down once there is a significant price change. Lack of regulations is the biggest reason for that. But at the same time we don't want a third party regulations in cryptos. It is a double edged sword.

andika2018

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Quote from: FaucetKING on September 30, 2019, 07:42:35 AM

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.

This is difficult for the exchanger in my opinion because the transaction holder is the customer unless the exchanger really wants a damaged reputation. This can happen if the exchanger applies leverage or margin trading but the exchanger still cannot become a market maker

Ucy

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Quote from: FaucetKING on September 30, 2019, 07:42:35 AM

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.

Well, I believe you. Unfortunately we can't do much about it if the cryptocurrency world is not united to ward off evil. Should we then leave the purging of filth to governments? I guess they should take care of the centralized exchanges while the community handles the decentralized stuff. The community tend to self-regulate things that are shared while things that are privately owned can hide behind the darkness of centralization.
Everything needs to be transparent not just the centralized exchanges. The Hypocrisy of this world is too much.

Arsenyo

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Most of centralised exchanges manipulate the prices, nothing new. The higher their volume is the higher the potential that traders will be using their platform. I faced the problem of trading bots several times, and really irritates me. But price manipulation is real, and there is nothing we can do about it.

samcrypto

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Quote from: adzino on October 11, 2019, 05:12:02 PM

This can actually happen and I guess it does happen but they do it in such a discreet way, we can hardly notice or blame them. But I have heard exchanges manipulating volumes and increasing it to show others that their exchange is more active and better to attract people. I guess decentralized exchange platform are the only solution to get rid of those price manipulation being done by an exchange.

We can feel this one, though the volume on a decentralized is low I also believe that this is a great solution for a more safe exchange. There are exchanges who are caught from manipulating the volumes, some are being fined for that but we still don't know that even the top exchanges I am sure they still manipulating the volumes of the trade especially on a coin that is not that active at all. Consider the exchanges not a safe wallet to store coins, always make sure that you have the control on your wallet.

Bitbtc8

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Quote from: mdzahed134 on October 11, 2019, 05:26:31 PM

Quote from: bellicose on October 01, 2019, 01:45:42 PM

Some trading platforms really abuse trading volume. This is mainly done by young exchanges that want to achieve an influx of users due to the high volume of trading. Maybe large and well-known sites, also engaged in similar earlier.

Old exchanges highly manipulated trading volume, not they are young exchanges because i saw that from almost 3-4 years in the crypto space. I have experienced about some exchanges those are huge daily trade volume according to coinmarketcap. I am talking about https://exrates.me/ it’s showing 2 million trade volume but when i am go to sell my asset than see there are no enough buy bid for sell my coin just remember that it’s how much manipulation.

You stated that when you want to sell your coin on exrates there is not enough buy bid? this is different case, no buy order means the coin you want to sell have no demands, and one more thing, not all coins will have good trading volume, top coins like bitcoin, ltc , eth and stable coins are the coins that always have highest volumes on exchanges

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Quote from: bigcash2011 on October 11, 2019, 04:25:45 PM

I think for all these issues crypto exchange regulations is a must just like forex exchanges or brokers are regulated to safegaurd investors and traders from scam or fraud.

The decentralized exchanges can't be regulated unless they are willing to do that if the gov't where they are residing starts to ask them to do so. The lowkey dexs can't be asked to do that, especially if the developer and owner are unknown. But I don't think many traders will go there if the owners are anonymous.

malikusama

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Quote from: FaucetKING on September 30, 2019, 07:42:35 AM

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.

Not a new thing i guess, many big names are already doing this.
The only way out of this problem is decentralized exchanges. Although people don't prefer them much because big centralized exchanges have already captured the market by their huge volume and by providing multiple features.

mdzahed134

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Quote from: bellicose on October 01, 2019, 01:45:42 PM

Some trading platforms really abuse trading volume. This is mainly done by young exchanges that want to achieve an influx of users due to the high volume of trading. Maybe large and well-known sites, also engaged in similar earlier.

Old exchanges highly manipulated trading volume, not they are young exchanges because i saw that from almost 3-4 years in the crypto space. I have experienced about some exchanges those are huge daily trade volume according to coinmarketcap. I am talking about https://exrates.me/ it’s showing 2 million trade volume but when i am go to sell my asset than see there are no enough buy bid for sell my coin just remember that it’s how much manipulation.

adzino

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This can actually happen and I guess it does happen but they do it in such a discreet way, we can hardly notice or blame them. But I have heard exchanges manipulating volumes and increasing it to show others that their exchange is more active and better to attract people. I guess decentralized exchange platform are the only solution to get rid of those price manipulation being done by an exchange.

Pearls Before Swine

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Exchanges certainly could do everything Op described, which is why one has to pick his exchange of choice carefully.

What I would say, tho, is that as long as a trader can get the price he wants (and is a fair one across all the exchanges) it doesn't matter much if the exchange is playing around with the volume. If they were to start fiddling with the bid-ask orders, that's another story.

Regulated exchanges like coinbase, kraken, poloniex and the rest shouldn't have problems with manipulation, as that would mean the end of their businesses if they got caught. That is not to say that they couldn't do it, just that they'd be stupid to even try. Op, there is a place for paranoia when it comes to dealing with crypto, but if I were in your shoes I wouldn't let this concern keep you up at nights. The bottom line is: if you're using an exchange and its working for you, and you don't think they're cheating you on order execution, don't fret it.

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Quote from: bigcash2011 on October 11, 2019, 04:25:45 PM

I think for all these issues crypto exchange regulations is a must just like forex exchanges or brokers are regulated to safegaurd investors and traders from scam or fraud. We know that most of crypto exchanges are already involved in manipulation either the way you have posted or by using bits that result in showing fake trades and volumes i do think that we need honest, serious and regulated exchanges for this market to grow nicely and mass adoption of this new market.

Even with Forex regulations most Market Makers will screw you because you play against the house. List of possible manipulations is endless.
The only safe choice in Forex was and is direct ECN trading but that always required large account (30k+).

In Crypto world decentralised exchanges sound like the best way to deal with the problem indeed.

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